About the Authors

Aron Gottesman is Professor of Finance and the Chair of the Department of Finance and Economics at the Lubin School of Business at Pace University in Manhattan. He holds a PhD in Finance, an MBA in Finance, and a BA in Psychology, all from York University. He has published articles in academic journals including the Journal of Financial Intermediation, Journal of Banking and Finance, Journal of Empirical Finance, and the Journal of Financial Markets, among others. He has also previously authored or co-authored several books including, most recently, Derivatives Essentials: An Introduction to Forwards, Futures, Options, and Swaps (Wiley Finance, 2016). Aron Gottesman's research has been cited in newspapers and popular magazines, including the Wall Street Journal, the New York Times, Forbes magazine, and Business Week. He teaches courses on derivative securities, financial markets, and asset management. Aron Gottesman also presents workshops to financial institutions. His website can be accessed at www.arongottesman.com.

Michael Leibrock is managing director, chief systemic risk officer, and head of Counterparty Credit Risk for the Depository Trust & Clearing Corporation (DTCC). Michael Leibrock currently serves as co-chair of DTCC's Systemic Risk Council and as chair of the Model Risk Governance Committee. He has conducted numerous newspaper and magazine interviews on risk topics, as well as several video interviews on TabbForum.com, which include “Building an Interconnectedness Risk Program” (Dec. 2016), “Unintended Risks of Regulations” (Dec. 2014), and “The Top Systemic Threats to the Capital Markets” (Aug. 2013). Michael Leibrock holds an MBA in Finance from Fordham University and a doctorate in Finance and International Economics from Pace University's Lubin School of Business. He has previously served as an adjunct professor at New Jersey City University and Monmouth University. Michael Leibrock's prior academic research has covered topics such as predictors of bank defaults, sovereign default analysis, and a doctoral dissertation titled “Systemic Risk and an Extension of the Black Scholes Merton Option Pricing Model for U.S. Banks.”

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